AGF Management (OTCMKTS:AGFMF) Upgraded by Royal Bank of Canada to Sector Perform

AGF Management (OTCMKTS:AGFMF – Get Rating) was upgraded by investment analysts at Royal Bank of Canada from an “underperform” rating to a “sector perform” rating in a research note issued to investors on Wednesday, The Fly reports.

AGFMF has been the topic of several other reports. Scotiabank increased their price target on shares of AGF Management from C$8.50 to C$8.75 in a research report on Wednesday. CIBC increased their price target on shares of AGF Management from C$6.75 to C$8.00 in a research report on Tuesday.

AGF Management Price Performance

Shares of AGFMF stock remained flat at $5.70 during trading hours on Wednesday. 88 shares of the stock traded hands, compared to its average volume of 800. The stock has a fifty day moving average of $5.13 and a two-hundred day moving average of $4.86. AGF Management has a twelve month low of $4.23 and a twelve month high of $6.34.

AGF Management Company Profile

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AGF Management Limited is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to public and corporate DB pension plans, endowments and foundations, sovereign wealth funds, corporate plans, insurance companies, and sub-advised mandates. Through its subsidiaries, it manages separate client-focused equity, fixed income, and balanced mutual funds along with separate client-focused equity, fixed income, and balanced portfolios.